Indonesia Stock Market May Be Stuck In Neutral On Wednesday

RTTNews | vor 590 Tagen
Indonesia Stock Market May Be Stuck In Neutral On Wednesday

(RTTNews) - The Indonesia stock market on Tuesday halted the two-day losing streak in which it had fallen almost 40 points or 0.6 percent. The Jakarta Composite Index now sits just beneath the 6,940-point plateau although it may hand back some of those gains on Wednesday.

The global forecast for the Asian markets is mixed on concerns over the outlook for interest rates. The European markets were up and the U.S. bourses were mixed and little changed and the Asian markets figure to follow the latter lead.

The JCI finished modestly higher on Tuesday following gains from the resource and cement stocks, while the financials came in mixed.

For the day, the index gathered 43.32 points or 0.63 percent to finish at 6,939.62.

Among the actives, Bank CIMB Niaga collected 0.59 percent, while Bank Mandiri shed 0.41 percent, Bank Danamon Indonesia rallied 1.49 percent, Bank Central Asia retreated 1.65 percent, Bank Rakyat Indonesia plunged 1.90 percent, Indosat Ooredoo Hutchison plunged 3.33 percent, Indocement spiked 2.23 percent, Semen Indonesia jumped 1.94 percent, Indofood Suskes strengthened 1.86 percent, United Tractors dipped 0.28 percent, Energi Mega Persada increased 0.79 percent, Aneka Tambang rose 0.28 percent, Vale Indonesia soared 2.26 percent, Timah improved 1.28 percent and Bumi Resources, Astra International, Astra Agro Lestari and Bank Negara Indonesia were unchanged.

The lead from Wall Street offers little clarity as the major averages open sharply lower on Tuesday but fought back into the green before finally settling mixed and little changed.

The Dow rose 13.11 points or 0.04 percent to finish at 33,997,65, while the NASDAQ shed 34.24 points or 0.25 percent to close at 13,533.75 and the S&P 500 eased 0.43 points or 0.01 percent to end at 4,373.20.

The early weakness on Wall Street came after data showed bigger than expected increases in retail sales and industrial production last month, raising concerns the Federal Reserve may keep interest rates higher for longer or even announce a rate hike this year.

Higher bond yields and geopolitical concerns in the Middle East also kept investors wary.

Crude oil futures settled flat on Tuesday after a lackluster session as investors continued to track the developments on the geopolitical front and weighed the outlook for global demand and supply. West Texas Intermediate Crude oil futures for November ended at $86.66 a barrel, unchanged from the previous close.

read more
Pound Drops As Trade Tensions Renew

Pound Drops As Trade Tensions Renew

The pound fell against its major counterparts in the New York session on Friday, as trade tensions escalated after the U.S. President accused China of violating trade agreement reached earlier this month.
RTTNews | vor 10 Minuten
Swiss Market Ends Modestly Higher

Swiss Market Ends Modestly Higher

Save for a few minutes at the start when it stayed a bit weak, the Switzerland market remained positive on Friday, and despite coming off the day's high hit around noon, ended the session modestly higher.
RTTNews | vor 2Std 24 Minuten
Major European Markets Close Slightly Higher

Major European Markets Close Slightly Higher

Despite uncertainty surrounding Trump administration's tariff plans, The major European markets mostly closed higher on Friday. Trade tensions escalated after the U.S. President accused China of violating trade agreement reached earlier this month, but investors picked up stocks amid expectations of an interest rate cut by the European Central Bank.
RTTNews | vor 2Std 49 Minuten
U.S. Stocks Broadly Lower In Cautious Trade

U.S. Stocks Broadly Lower In Cautious Trade

U.S. stocks are turning in a weak performance on Friday amid renewed concerns over trade tensions, and a batch of mixed economic data. The major averages all are down in negative territory, with the tech-laden Nasdaq underperforming.
RTTNews | vor 4Std 17 Minuten
Wall Street Likely To Open On Negative Note

Wall Street Likely To Open On Negative Note

Lower U.S. futures and uncertainty surrounding Trump administration's tariff moves point to a flat start for stocks on Wall Street on Friday. Investors will also be digesting some crucial economic data, including reports on U.S. consumer confidence, Chicago PMI reading, and personal income & spending reports.
RTTNews | vor 7Std 40 Minuten